Apple (AAPL) Receives Price Target

Apple (AAPL) : The consensus price target for Apple (AAPL) is $123.13 for the short term with a standard deviation of $15.92. The most optimist securities analyst among the 24 who monitor the stock believes that the stock can reach $168, however, the pessimist price target for the company is $85.

Apple (AAPL) : The consensus on Apple (AAPL) based on 30 analyst recommendation on the company stock is 1.5, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 23 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 3 analyst believes that the stock is a Buy, which can produce decent returns in the future. 2 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 2 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.


Also, Equity Analysts at the Brokerage Firm, RBC Capital, maintains their rating on the shares of Apple (NASDAQ:AAPL). RBC Capital has a Outperform rating on the shares. As per the latest research report, the brokerage house raises the price target to $117 per share from a prior target of $115. The rating by the firm was issued on August 11, 2016.

Apple (NASDAQ:AAPL): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $106.14 and $105.62 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $106.80. The buying momentum continued till the end and the stock did not give up its gains. It closed at $106.73, notching a gain of 0.59% for the day. The total traded volume was 26,701,523 . The stock had closed at $106.10 on the previous day.

Apple Inc. (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The Companys products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings. The Company also delivers digital content and applications through the iTunes Store, App StoreSM, iBookstoreSM, and Mac App Store. The Company distributes its products worldwide through its retail stores, online stores, and direct sales force, as well as through third-party cellular network carriers, wholesalers, retailers, and value-added resellers. In February 2012, the Company acquired app-search engine Chomp.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.